Fed's Kohn, Santomero debate inflation targeting

The Federal Reserve remains split over setting an explicit inflation target for the U.S., leaving it an open question for the next chairman of the Federal Reserve to resolve, Fed policy makers told a weekend conference at Princeton University on Saturday 2 April.

``It will very much depend on the new chairman, what that person wants to do and how persuasive that person is,'' said Fed Governor Donald Kohn, an opponent of inflation targeting proposals advanced by policy makers such as Philadelph